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03
Jul
2009
Pound Falls on Weak Q1 GDP Data
Posted by Action Forex as Action Forex, Forex News, Forex Weekly Reports
Posted by: Forex Weekly Reports (ActionForex.com)
Range-trading continues to be the dominant theme in foreign exchange, with volatility gradually falling further in G-10 currencies. GBP/EUR is closing today at €1.1670, firmly within the 3-week range of €1.16-€1.19. Weaker economic data (Q1 GDP growth and current account reports) had helped to trigger a move below €1.16 earlier…
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